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China Hit a Milestone of 140 Million Digital Yuan Wallets, Said PBoC Official

News Snapshot:

The number of digital yuan wallets in China has reportedly surged to 140 million, as 10 million of them are corporate accounts. Transactions in e-CNY reached 62 billion yuan, or $9.7 billion. Seven Times More Than in June When speaking of creating a digital version of a national currency, China’s efforts are among the most advanced globally. In recent months, the most-populated nation has launched numerous campaigns aiming to popularize the e-yuan among the locals. Following all these developments, a top official at the People’s Bank of China informed that the number of individuals who have opened digital yuan wallets…

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